Position Exchange

<h2 id="header-0">What is POSI Bridge?</h2>
The POSI Bridge is a cross-chain protocol designed for efficient and unlimited crypto token transfers with instant and secure transactions.
At the moment, POSI Bridge only offers to transfer POSI from BNB Chain to POSI Chain. Bridge from POSI chain back to BNB Chain is temporarily not activated until 2022/08/15.
Our ambition is to make POSI Bridge a bridging protocol among several leading blockchains such as Ethereum, Polygon, and Avalanche in the near future.
<h2 id="header-1">Why does POSI Bridge matter?</h2>
The POSI Bridge functions with an innovative approach regarding the following fundamental attributes:
<ul>
 <li>Fast transaction: Every transfer involves 2 transactions: on the source and destination chains. The transfer of data on POSI Bridge takes only as much time as is required by the given blockchains to confirm it.</li>
 <li>Low fee: The System fee and the Relayer fee on POSI Bridge only charge 1 POSI for each. Similarly, the RFI fee takes a minor 1% transaction fee.</li>
 <li>User-friendly design: With a simple and straightforward design, the POSI Bridge display facilitates easy procedures that do not require users to read guides and documentation.</li>
 <li>No Limits: POSI Bridge allows transferring millions of tokens at a time.</li>
 <li>Blockchain ecosystem exploration: If you have POSI on BNB Chain and you want to explore Position Exchange and POSI Chain to try out their native dapps, you can use a bridge to transfer your POSI from BNB Chain to POSI Chain.</li>
</ul>
<h2 id="header-2">How can I start using POSI Bridge?</h2>
Step 1: Log in to the <a href="https://position.exchange/" rel="noopener noreferrer nofollow">Position Exchange</a> homepage and connect to your wallet. Choose tab <a href="https://position.exchange/bridge" rel="noopener noreferrer nofollow">Bridge</a>.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/11cada919a6040cea087cea19df6ea5b.png">
Step 2: Choose your source network and select a token in the "From" section.
Step 3: Enter the amount of token that you want to transfer by clicking inside the input box.
For example, 815 POSI from BNB Chain.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/aea46ed940a54d99be9f33964c452eb2.png">
Step 4: Choose your destination network and select the token you want to receive in the “To” section. The amount of received tokens will be automatically calculated from the source token.
For example, 815 POSI from BNB Chain will be converted to 804.850 POSI in POSI Chain.
Step 5: Click “Approve” to confirm the action on your first time using POSI Bridge.
<ul>
 <li>From the second time onwards, the button will be displayed as “Send”.</li>
</ul>
In POSI Bridge, users will be charged a Bridge fee when performing transactions. The total fee is displayed as follows:
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3659bbc8555948ca925d93506f0057f8.png">
The Bridge fee includes:
<ul>
 <li>RFI Fee: At its core, RFI charges a 1% transaction fee and re-distributes that fee to existing holders instantly and automatically at the time of each transaction.</li>
 <li>System Fee: A transaction fee that is charged to users when performing transactions.</li>
 <li>Relayer Fee: A relayer fee is used to reward miners or validators who help confirm transactions and help protect the network from spam attacks.</li>
</ul>

The Only Bridge That Gets You To Financial Freedom - POSI Bridge

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